Abstract:
Cost is, in fact, the most important parameter in the Construction Industry
of developing countries such as Pakistan. The dilemma associated with such a
statement is most of the construction projects in the country are affected by the
stated proposition. This research attempts to identify such factors that lead towards
cost overruns particularized to the building construction projects of Pakistan. The
factors were ranked by their relative importance, through the responses obtained by
distribution of questionnaires to several individuals involved in the local
construction industry. The result mainly comprised the escalation of construction
materials, improper control and estimating procedures, variations and change
orders and other management and control issued as prescribed in the literature
review. Conclusions and recommendations are made based on these findings so as
to minimize to the extent as much as possible the occurrence and effect of the cost
overruns in building construction projects of Pakistan.
